MindTree allots 23300 equity shares

MindTree Ltd has announced that the Company has allotted No equity shares under the 1999 Stock Option Plan (Program 1).

Further, the Company has allotted 1,867 equity shares of Rs.50/- each fully paid on November 15, 2010 to the employees/ directors of the Company pursuant to exercise of stock options granted to them under the 2001 Stock Option Plan (Program 2).

Further, the Company has allotted 5,815 equity shares of Rs.250/- each fully paid on November 15, 2010 to the employees/ directors of the Company pursuant to exercise of stock options granted to them under the 2006(a) Stock Option Plan (Program 3).

Further, the Company has allotted 11,374 equity shares (of which 9,344 are of Rs 300/- each, 575 are of Rs.315/- each, 1,050 are of Rs. 335/- each, 190 are of Rs. 350/- each and 215 are of Rs. 419/- each), fully paid on November 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2006(b) Stock Option Plan (Program 4).

Further, the Company has allotted 4,244 equity shares (of which 44 are of Rs. 167.75/- each and 4200 of Rs. 478.50/- each) fully paid on November 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2008 A Stock Option Plan (Program 5).

The stock closed the day at Rs.516, up by Rs.5.70 or 1.12%. The stock hit an intraday high of Rs.521 and low of Rs.501.

The total traded quantity was 17658 compared to 2 week average of 6865.

Source : Equity Bulls

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